Well, I was wrong about the market running higher. The futures ramped and I got excited. It’s part of the Perma-bull lifestyle.
You do some tummy crunches in the morning, then down ground up liquid lawn clippings, and finish it off with a cardio workout involving mostly mocking Keith while listening to Bob Pisani-on-tape.
(one, two, one, two, one, two…)
But in all seriousness, I don’t really care that I was wrong. AEC and CLP are making a move higher right now, and the multifamily theme is strong.
The naysayers from this summer, predicting imminent reversal of rental occupancy and ceiling for rents have been left holding their persons, naked in the middle of the road. Higher house prices have not diminished multifamily in the slightest, most probably because those house prices aren’t exciting a huge push for real estate by renters.
Let the houses on the market trade up 2X. I don’t care. As long as AEC and CLP stay 95% occupied with a nice 4% trend in rents, I don’t give a shit what housing does.
13 Responses to Meh…Not A Problem
LMAO at the perma bull routine.
SLV silver holding a giant 1 year wide “rounding bottom” on weekly chart. To invalidate,that would need a break under 28. Not likely
Id suggest some SLV calls , or some straight AGQ here. I doubt we see these lows again for 6 to 9 months . I was bearish SLV from 34,to 30.60.But, I think Romney will betray tea party, and hike deficit to afford Military. Dollar will drop
I’d concur by saying you can’t close a trillion dollar deficit without some serious disruption
Europe is getting sketchy again though (publicly, it was always sketchy)
Alright, I raised some cash by taking gains in BAS selling shares purchased in the high $9 range for $10.38 and AEC selling shares purchased in the $14 range for $15.45.
I don’t mind paper losses, but I needed to force my margin position towards parity. Borrowed money is unacceptable if we’re gonna play “deflation nightmare” again.
I just traced out that giant rounding bottom in SLV ‘s weekly chart. Seems strong enough, unless we break 28.
Sorry CLP actually doesn’t care to sell off.
(This is the way it always starts, that stock will get crushed now that I’ve said something. Just a matter of time)
IN OIL WE TRUST!!!!
Every penny to my name is
going on the line $26 to $23.
If it drops below $23 I’ll start
mugging the elderly to buy more.
Sandy sure as hell can’t help… Until the east coast gets back on their feet, demand is going to be shot. The affected states account for nearly 20% of diesel demand… Inventories will build before demand comes back… Just my opinion.
CT – CCJ could be positively impacted by sales to India:
I would love this to be true. But India is a stagnant shit hole. How many companies have broke the bank betting on trade with India?
Enron blew a multi-billion dollar hole in their chest betting that India would…not be India.
Their people are uneducated proles. They can’t themselves. I just can’t trust India for anything. If Indian leaders manage to shut down their thieving populace and that culture that devours every shoot of growth that manages to spring up, then more power to them. But I’m not going to count on it.